Utssav CZ Gold Jewels IPO Details, GMP Price, Date, Review

Utssav CZ Gold Jewels IPO details Today : Utssav CZ Gold Jewels IPO details Today is Open on 31 July 2024 and Close on 2 August 2024. Utssav CZ Gold Jewels IPO to Raise 63,18,000 shares (Approx ₹65.71 – ₹69.50 Cr) via IPO. The Fresh issue of 63,18,000 shares (Approx ₹65.71 – ₹69.50 Cr). 

Utssav CZ Gold Jewels are in the business of designing, manufacturing, wholesaling and exporting of 18Karat 20Karat and 22Karat CZ Gold jewellery. Our Company specializes in light weight production of cubic zirconia (CZ) gold and rose gold casting jewellery.

We manufacture and offer wide collection of products such as Rings, Earrings, Pendants, Bracelets Necklaces, Watches and Broaches etc.

Our Company was established in 2007 in the name of Utsav CZ Gold Jewels Private Limited. Our forte lies in crafting exquisite CZ casting gold jewellery and designer pieces, tailored to the preferences of today’s youth. Whether for daily wear or special occasions, our designed rings, earrings, pendants, bracelets, and necklaces resonate with our target audience. We customize designs to accommodate diverse regional preferences, ensuring that we meet the unique needs of our clientele in every market we serve.

Our company’s key strengths lie in our focus on design and innovation, our deep understanding of consumer preferences and market dynamics, and the quality of our products. We cater to a wide range of customers by offering high-end, medium-range and affordable CZ gold jewellery, all hallmarked by the Bureau of Indian Standards. Our expertise lies in the production of lightweight jewellery, offering affordability without compromising on quality.

Many of our exquisite pieces feature intricately studded gemstones in CZ casting gold, crafted by our skilled team of designers proficient in computer-aided design (CAD). With a team of 15 CAD designers on our payroll, we develop approximately 400 designs per month on a regular basis to stay ahead of market trends and customer demands.

Our manufacturing facility spans over 8,275 square feet area in Andheri East, Mumbai, equipped to produce variety of jewellery with precision and efficiency. As on date, we have an installed manufacturing capacity of 1,500 kg per annum. We have long standing relationships with jewellery retailers such as D.P. Abhushan Limited, Kalamandir Jewellers Limited, and numerous other esteemed clients.

Our customers are spread across seventeen (17) states and two (2) union territories in India and two (2) countries abroad. Over the years, our Company has consistently delivered quality services and products, earning the trust and loyalty of our customers. Given the family-run nature of our business, the experience of our promoters holds immense significance. Mr. Pankajkumar H Jagawat and Mr. Shashank Bhawarlal Jagawat each contribute over sixteen (16) years of invaluable expertise, whereas Mr. Rakesh Jagawat brings over twelve (12) years of experience in the jewellery market.

They spearhead our firm’s expansion, marketing, design, and production efforts. Their profound jewellery market knowledge, innovative business strategies and management skills
have been instrumental in delivering quality services to our clientele. The Promoters and senior management also actively engage in various jewellery-related exhibitions in India, leveraging their deep-rooted understanding of the industry to continually refine product offerings. Their leadership ensures that we maintain rigorous quality standards across our product spectrum.

Product Offerings 

1. Rings
2. Earrings
3. Pendants
4. Bracelets
5. Necklaces
6. Watches and Broaches

Utssav CZ Gold Jewels IPO Date & Price Band Details

Utssav CZ Gold Jewels IPO Market Lot Details

Object of the Issue

1. Funding Working Capital requirement of our Company.
2. General Corporate Purpose.

Utssav CZ Gold Jewels IPO Allotment & Listings (Details)

Utssav CZ Gold Jewels Financial Reports

Our Company Promoters

1. Mr. Pankajkumar H Jagawat
2. Mr. Shashank Bhawarlal Jagawat
3. Mr. Rakesh Shantilal Jagawat

Qualitative Factors

• Established in 2007, our Company offers wide range of lightweight jewellery across 18K, 20K and 22K CZ gold and rose gold categories which are prominent categories in the daily and fashion wear jewellery segment.
• Our Company boasts a diverse team of skilled artisans and professionals with varied expertise in jewellery making.
• We have long standing relationships with established brands in the domestic jewellery retailing market such as D.P. Abhushan Limited, Kalamandir Jewellers Limited, and numerous other esteemed clients. Our Company has consistently delivered quality services and products, earning the trust and loyalty of our customers.
• On the back of high demand of gold jewellery and higher contribution of 18K gold jewellery in the sales mix, our Company reported a strong business growth with improvement in the profitability.
• The experience of our promoters holds immense significance. Mr. Pankajkumar H Jagawat and Mr. Shashank Bhawarlal Jagawat each contribute over sixteen (16) years of invaluable expertise, whereas Mr. Rakesh Jagawat brings over twelve (12) years of experience in the jewellery market.

Utssav CZ Gold Jewels IPO Comparison Listed Industry Peers Group

Comparison of Accounting Ratios with Listed Peer Group Companies

• Utssav Cz Gold Jewels Limited
• Ashapuri Gold Ornaments Limited
• Sky Gold Limited
• Swarnsarita Jewels India Limited
• Uday Jewellery Industries Ltd

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Utssav CZ Gold Jewels Company Contact Details

2nd Floor, Hitech Plaza, Giriraj Indl Estate,
Mahakali Caves Road,
Andheri (East), Mumbai – 400093,
Maharashtra, India.
Telephone No. +91 98194 86232
Website www.utssavjewels.com
Contact Person: Ms. Rachna Jajoo

Utssav CZ Gold Jewels Lead Manager

Choice Capital Advisors Private Limited
Address: Sunil Patodia Tower, Plot No.156-158 J.B.
Nagar Andheri (East), Mumbai – 400 099, Maharashtra, India
Telephone: +91 22 6707 9999/ 7919
Email: ugjl.ipo@choiceindia.com
Investors Grievance Email Id: regulator_advisors@choiceindia.com
Website: www.choiceindia.com/merchant-investmentbanking
Contact Person: Nimisha Joshi/ Anuj Killa

Utssav CZ Gold Jewels IPO Registrar

Bigshare Services Private Limited
Address: Office No. S6-2, 6th Floor, Pinnacle Business
Park, Next to Ahura Centre, Mahakali Caves Road,
Andheri (East), Mumbai – 400093, Maharashtra, India
Telephone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Investors Grievance Email Id: investor@bigsharesonline.com
Website: www.bigshareonline.com
Contact Person: Babu Rapheal C.